Foreign currency accounts interest rates

Credit interest rates can vary from day to day. Full details of the interest rate which will apply to your account are provided here.

US Dollar (USD)

Effective from 16th December 2008

Reference rate = 0.25%
www.newyorkfed.org

Balance (USD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 1,500,000 0.00 0.00
1,500,000+ 0.00 0.00

Euro (EUR)

Last change  11 March 2016

Reference rate = 0.00%
www.euribor.org

Balance (EUR) Gross rate % AER%
0 - 500,000 0.00 0.00
500,000 - 1,000,000 0.00 0.00
1,000,000+ 0.00 0.00

Australian Dollar (AUD)

Effective from 2 August 2016

Reference rate = 1.50%
www.rba.gov.au

Balance (AUD) Gross rate % AER%
0 - 850,000 0.00 0.00
850,000 - 1,700,000 0.00 0.00
1,700,000+ 0.25 0.25

Swiss Franc (CHF)

Effective from 15 January 2015

Reference rate = -0.75%
 www.snb.ch

Balance (CHF) Gross rate % AER%
0 - 850,000 0.00 0.00
850,000 - 1,700,000 0.00 0.00
1,700,000+ 0.00 0.00

Canadian Dollar (CAD)

Effective from 15 July 2015

Reference rate = 0.5%
www.bankofcanada.ca

Balance (CAD) Gross rate % AER%
0 - 850,000 0.00 0.00
1,000,000 - 1,700,000 0.00 0.00
1,700,000+ 0.00 0.00

Danish Krone (DKK)

Effective from 20 January 2015

Reference rate = 0.050%
www.nationalbanken.dk

Balance (DKK) Gross rate % AER%
0 - 3,750,000 0.00 0.00
3,750,000 - 7,500,000 0.00 0.00
7,500,000+ 0.00 0.00

Hong Kong Dollar (HKD)

Effective from 17 December 2008

Reference rate = 0.50%
www.info.gov.hk/hkma

Balance (HKD) Gross rate % AER%
0 - 6,000,000 0.00 0.00
6,000,000 - 12,000,000 0.00 0.00
12,000,000+ 0.00 0.00

Japanese Yen (JPY)

Effective from 10 March 2016

Reference rate = 0.00%
www.boj.or.jp

Balance (JPY) Gross rate % AER%
0 - 85,000,000 0.00 0.00
85,000,000 - 170,000,000 0.00 0.00
170,000,000+ 0.00 0.00

Norwegian Krone (NOK)

Effective from 18 March 2016

Reference rate = 0.50%
www.norges-bank.no

Balance (NOK) Gross rate % AER%
0 - 3,750,000 0.00 0.00
3,750,000 - 7,500,000 0.00 0.00
7,500,000+ 0.00 0.00

New Zealand Dollar (NZD)

Effective from 11 August 2016

Reference rate = 2.00%
www.rbnz.govt.nz

Balance (NZD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 2,000,000 0.25 0.25
2,000,000+ 0.75
0.75

Swedish Krone (SEK)

Effective from 11 Feb 2016

Reference rate = -0.50%
www.riksbank.com

Balance (SEK) Gross rate % AER%
0 - 4,750,000 0.00 0.00
4,750,000 - 9,500,000 0.00 0.00
9,500,000+ 0.00 0.00

Singapore Dollar (SGD)

Effective from 31 July 2015

Reference rate = 0.14%

www.mas.gov.sg

Balance (SPD) Gross rate % AER%
0 - 1,000,000 0.00 0.00
1,000,000 - 2,000,000 0.00 0.00
2,000,000+ 0.00 0.00

South African Rand (ZAR)

Effective from 18 March 2016

Reference rate = 7.00%
www.resbank.co.za

Balance (ZAR) Gross rate % AER%
0 - 5,750,000 3.75 3.78
5,750,000 - 11,500,000 4.25 4.29
11,500,000+ 4.75 4.80

Additional Information

Interest rates will be reviewed regularly and may vary at any time, we will notify you immediately if and when this happens. Credit interest is calculated on the cleared credit balance daily, and paid half yearly. Debit interest is deducted quarterly, on 5 April, 5 July, 5 October and 5 January. If the fifth falls on a weekend charges will be deducted on the following working day, but interest will be debited or credited to your account on the previous working day. An advice slip will be sent to you confirming this at the time.

For definition of terms, please see our glossary.